At the 17th Global Mining Summit held in October 2024, Dr. Sudip Bhattacharyya, Deputy Director General of the Geological Survey of India (GSI), emphasized the pivotal role of critical minerals in India’s decarbonization efforts and the attainment of its net-zero emissions target. He highlighted that minerals such as lithium, cobalt, and rare earth elements are essential for developing clean energy technologies, including electric vehicles and renewable energy systems.
Dr. Bhattacharyya noted that India possesses significant deposits of these critical minerals, which are often overlooked during traditional mineral exploration. He advocated for increased investment in research and development to enhance the recycling of mineral waste, thereby preserving these valuable resources and reducing environmental impact.
In alignment with these objectives, the Ministry of Mines has intensified its focus on exploring critical minerals through the GSI and other agencies. In June 2023, the government released a list of 30 critical minerals deemed essential for various industrial sectors, including high-tech electronics, telecommunications, transportation, and defense. This initiative aims to guide policy formulation, strategic planning, and investment decisions in the mining sector, contributing to India’s commitment to achieving its net-zero target.
The government’s proactive approach underscores the importance of critical minerals in facilitating the transition to a low-carbon economy and ensuring the sustainability of India’s energy and industrial sectors.
